Zogenix, Inc. (NASDAQ:ZGNX) posted second quarter net product revenues of $8.0 million, as compared to net product revenues of $8.7 million in the second quarter 2011. Net loss for the second quarter 2012 was $17.2 million, or $0.26 per share, as compared to a net loss of $19.2 million, or $0.56 per share, in the year ago period.
Looking forward, the company reconfirmed its fiscal 2012 revenue guidance of $45.5-$48.5 million. Analysts are expecting the Company to report revenue of $47.6 million for fiscal 2012. Shares of ZGNX jumped 3% to $2.13.
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SunPower Corporation (NASDAQ:SPWR) shares plunged 10.50% to $4.20 after the company’s second-quarter loss narrowed as the company’s margins improved and the company posted a surprise adjusted profit.
The company reported a loss of $84.2 million, or $0.71 a share, as compared with a year-earlier loss of $147.9 million, or $1.51 a share. Adjusted earnings were $0.08 a share, as compared with a year-earlier loss of $0.19 a share. Revenue edged up 0.6% to $595.9 million. In May, the company projected a loss of $0.20 to $0.05 a share on revenue of $575 million to $650 million.
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Boingo Wireless Inc (NASDAQ:WIFI) shares plunged 25% to $6.71 after the company reported second-quarter results that were slightly lower than analysts' estimates and issued a forecast for the current period that was below targets. The company posted second quarter revenue of $24.3 million, as compared to $22.9 million for the second quarter of 2011. Net income was $1.5 million, or $0.04 per diluted share, as compared to a net income of $1.3 million, or $0.05 per diluted share, for the year ago period.
Looking forward, the company expects third quarter revenue to be in the range of $25.5-$26.5 million, adjusted EBITDA to be in the range of $7.5-$8.5 million and net income to be in the range of $2.2-$2.7 million, or $0.05 to $0.06 per diluted share. Analysts on an average are expecting the Company to report revenues of $28.8 million, EBITDA of $9.6 and net income of $3.1 and EPS of $0.08 for the third quarter of 2012.